A small-business lender
Business verification for lending
Proof an applicant is real and operating, before funding.
- Volume
- 1,500 applications per month
- Cost per application
- $3.23
- Cost per month
- $4,842
The job today
Why it’s still done by hand.
Synthetic and shell businesses pass document checks. Underwriters confirm the rest by hand: search the business, call it, compare what they hear with the application.
The strongest proof, that mail reaches the stated address, is the slowest, so it's rarely used.
How the agent runs it
One application, start to finish.
- 01$0.018
Research the business
Pull the company record, the public business listing, and the website, and compare them with the application.
- Company Enrichment
- Local Business Resolve
- Web Search
- Web Read
- 02$0.71
Call the business
Call the listed number, not the one on the application, and confirm the owner and what the business does.
- Voice call time
- Call analysis
- 03$2.50
Mail a code
Mail a one-time code to the stated address. The applicant enters it to finish verification.
- Physical mail
What it costs
$3.23 per application.
| Tool | List price | Per application | Cost |
|---|---|---|---|
| Company Enrichment | $0.005 / company | 1 company | $0.005 |
| Local Business Resolve | $0.005 / lookup | 1 lookup | $0.005 |
| Web Search | $0.001 / query | 2 queries | $0.002 |
| Web Read | $0.002 / URL | 3 URLs | $0.006 |
| Voice call time | $0.35 / minute | 2 minutes | $0.70 |
| Call analysis | $0.01 / call | 1 call | $0.01 |
| Physical mail | $2.50 / letter | 1 letter | $2.50 |
| Per application | $3.23 | ||
| 1,500 applications per month | $4,842 | ||
List prices from our pricing page. Every paid action returns a signed receipt, and spend limits cap each run.
The four-week pilot
Applications fully verified, week by week.
- 50%
Week 1
Research and a comparison report for the underwriter.
- 75%
Week 2
Calls to the listed number, with mismatches flagged.
- 90%
Week 4
Mailed codes close the loop on the address.
Targets agreed before the build. Weekly reviews measure against them.
When it needs a person
Exceptions go to your team.
- Listed number reaches a different business
- Address is a virtual office or mail drop
- Code not entered within 14 days
What we measure
- Applications verified
- Mismatches caught
- Days to verify
- Cost per application
